Welcome Guest! To enable all features please Login or Register.



Create Poll
Post a reply

Maximum number of characters in each post is: 32767
Bold Italic Underline   Highlight Quote Choose Language for Syntax Highlighting Insert Image Insert an existing Attachment or upload a new File... Create Link   Unordered List Ordered List   Left Justify Center Justify Right Justify   Outdent Indent   More BBCode Tags
Font Color Font Size
Security Image:
Enter The Letters From The Security Image:
  Preview Post Cancel

Last 10 Posts (In reverse order)
ameya_prabhu Posted: Tuesday, November 7, 2017 11:12:47 AM(UTC)
From a theoretical standpoint I understand that, ceteris paribus, as the price goes up demand reduces, and that the market price of a good or service is decided by the number of buyers, but I would like to understand the practical application of these theories under the following 3 scenarios:

1. When an enterprise is entering the market of an existing product/service, how does it go about calculating the demand for its product?

2. When an enterprise is creating a market for a new product/service, let's say roller blade skates for adults, how does it go about calculating the demand for its product?

3. When demand for ice-creams increases in summer, why don't companies, from the likes of a B&R to an HUL, don't increase the price of the product?

Can someone please explain?